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For the day ahead
Litecoin would need to move through the $168 pivot to bring the 62% FIB of $174 and the first major resistance level at $176 into play.
Support from the broader market would be needed, however, for Litecoin to out from the 62% FIB.
Barring an extended crypto rally, the first major resistance level and resistance at $180 would likely cap any upside.
In the event of an extended breakout, Litecoin could test the second major resistance level at $190.
Failure to move through the $168 pivot would bring the first major support level at $154 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$150 levels. The second major support level sits at $146.
A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $154
Pivot Level: $168
First Major Resistance Level: $176
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP slid by 8.77% on Monday. Reversing a 2.55% gain from Sunday, Ripple’s XRP ended the day at $0.86301.
A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $0.97494 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.9575 and the second major resistance level at $0.9690.
The reversal, however, saw Ripple’s XRP slide to a late intraday low $0.84087.
Ripple’s XRP fell through the day’s major support levels and the 62% FIB of $0.8573.
Finding late support, however, Ripple’s XRP broke back through the 62% FIB to end the day at $0.86 levels.
At the time of writing, Ripple’s XRP was down by 0.40% to $0.85958. A mixed start to the day saw Ripple’s XRP fall to a low $0.85841 before rising to a high $0.86722.
Ripple’s XRP left the major support and resistance levels untested early on.
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